As a Ponzi technically BitClub Network hasn’t been running straight for three years.

They rebooted in 2016 by cancelling OG ROI contracts. They’ll come up on two years again this year but 2000 days gives them a lot of room to slowly steal from investors.

ClubCoin flopped and now they’re trying to minimize costs by switching to BCH. Will only prolong the inevitable though as mining doesn’t cover ROI payouts (otherwise they wouldn’t have a problem registering with the SEC and providing evidence).

First of all, Bitclub Network is mining Bitcoin. The amount of money you earn is dependent upon the amount of time you build your business.

The product is mining and people can build networks. That’s a product. If people are making money off this and they are legitmatiely mining Bitcoin and paying people for mining earnings then that’s a product.

YOu can call it low payouts but that’s a program and you can compound your earnings and reinvest into more mining pools or shares in the company.

My friend here Vegas has been with Bitclub for over a year and has made 25 bitcoins with 2 founder positions. Don’t hate on something you don’t understand.

It’s easy to call everything a scam like Bitconnect but harder to see the value in something just because it has a binary system which has tons of network marketing potential doesn’t mean it’s bitconnect or even Herblife.

People want to mine Bitcoin right now and this gives them a chance and to build a network. Explain to me how that is a scam if they are still in business and the product is mining????? Seriously explain it.

My English is not the best, but I would try my best to post my opinion…

1.) I think we, the people involved in internet, need to learn to debate this topic professionally with respect…at the end everybody is free to create your final opinion based on different opinions and also to decide if is a good or bad idea to invest or participate in Bitclub Network.

2.) It is clear for me that today March 5th/2018, most of the opportunities offered out there, related with bitcoin or cryptocurrencies along MLM, are or have been Ponzi scam and this site Behind MLM has made a good job, informing the people about all of them..

but here is my question… Most of them, means… all of them? In my opinion Bitclub has demonstrated, that they are no perfect but they are legit. For my that is a fact, based in trusted third party information like Blockchain for example.

3.) Blockchain shows today, that Bitclub has mined more than 70,000 bitcoins since 2014…who else in MLM format, could show that from blockchain?…Nobody.

News show that Bitclub was the first to mine the first 8MB block for Bitcoin Cash.. who else in MLM format, could show that from blockchain?…Nobody.

Blockchain and Etherscan, shows Bitclub as one of the top miners worldwide… who else in MLM format, could show that from trusted third parties sites?… Nobody.

Is that means Bitclub is perfect?..off course not…it only means that Bitclub is legit as cryptocurrency opportunity with MLM system.

4.) Bitclub has two three sides…one is as an investment only…the second one is as a business selling hardware to new people and the third one is the 1 & 2 Combined.

Could a person get involved in Bitclub as a Investor only without inviting anybody and after 1000 days, make a profit?..

off course since 2014 many people have done that and they have shared their results on you tube…. but is also clear, that bitcoin mining or GPU mining is full of variables that create the risk of loosing partial or total money invested..and there are many promoters that hide that fact, affecting Bitclub network image, when they ( Bitclub) disclosure clearly, that there are not guaranties.

5.) Bitclub is not only legit and real crypto mining they are a crypto proyect..thats way they create a real cryptocurrency Club Coin.. and no something fake like onecoin.

Behind Club Coin they created Coin Pay.. that is already working in beta mode in Japan and soon the would announce an agreement with VISA to allow traditional business to accept main cryptocurrencies, including club coin owned by Bitclub and more than 300,000 members using it and recommending it.

Again, can we guarantee tha Club Coin is going to worth more in the future an people who own it, will se profits?..off course not, nobody can guarantee that, but when we talk about something legit like bitclub with more than 3 and half years no being perfect but being legitimate…why not?

I want to respect your opinion as I believe you respect mine.. as I told before we can respect each other beside our different opinions …but I notice about your replays that you hate Bitclub Network.. and don´t take me wrong, you have the right to hate them for any reason you want, but please.. I´m not your enemy.

So let´s go together to review your point of view made some years ago about Bitclub, but today with recent information, that you didn’t have some years ago….

I´m not here to recruit you…I´m here to give my public opinion about something that I believe is a mistake based on today´s information, but knowing that at the end anyone is free to believe me or not… ok?

My point is…

There must be a difference between a scam vs a legit club that is not perfect, we can´t put them in the same balance. The world is changing…and we are obligated to change or soon we are going to be out date…let me give you an example …
Recently Forbes featured in you front page, the owner of Binance a crypto platform for trading, that has made billons in less than a year, that is no registered in any country including US, that doesn´t have physical office or head quarter in any country and that their employees all of them work from home.

According with your opinion, Binance qualify as a scam too…is it?

Blockchain in the old world woldn´t be considered as a third party auditor, but in this new world, people who have got in to this, know that to appear in Blockchain as a one of the biggest mining pool worldwide is because really are one of the biggest but also a legit one.

Bitclub is not the first and not event the last American company or opportunity that have left US…many of them have done even before Bitcoin, Forex Companies have done too…is that mean all off them are scams?

Roger Ver a born us citizen and the owner of Bitcoin.com left US and gave up to his US citizenship

Why?..because US is becoming an out date system in a global and connected world via Internet.

The fact is..that according to Blockchain, Bitclub has mined more than 70,000 bitcoins since 2014 up today, and they have been doing the right thing since 2014 although they are no perfect as a legit club, that have legit issues, but that doesn´t make them a scam…the are real an legit Club.

In this new world with real results and have accomplished result that not body else in the sector of Crypto MLM opportunities have accomplished ..that is a fact, people like it or not.

Bitclub does not accept Us residents, because want to respect Us out dated regulations, the hope in the near future US regulations get to open a door for a legit business in this new world model that is being changing due to new technologies like blockchain… and it would take some time for US and other countries authorities to adapt their system to this new world.

Meanwhile there is a parallel universe called internet where legit opportunities like Bitclub are making the difference and changing many people lives… again, that is a fact…that anybody with basic knowledge can´t deny based on real information.

You should say about Bitclub… Bitclubt is a unregulated opportunity based on an unregulated system called Cryptocurrencies due to lack of regulations for this new thing here in US….but if you say Bitclub is illegal, just because they left US and I hate them…

I believe there is a huge mistake there, but I know you have the right to believe that just because you want.

Readers would read haters like yo and supporters like me about bitclub and some of them will join us while other will join haters..and that is what it give to this web site value.… at the end this is all about opinions.

Bitclub will keep doing what they have been doing it since 2014 and haters opinions aren´t going to stop them and I´m sure you at least are agree with me about this lastone.

Ok OZ…lets talk about Facts…but remember I´m not you enemy and I´m not here to recruit you or convince you …ok?

I just want to provide information from a different point of view so readers will have different point of views to create their own.

A Lawyer taught me that there is a basic legal concept that says IF IT IS NOT PROHIBIDED, IT IS PERMITED (Ozedit: Unregistered securities have been illegal in the US since 1933. They are also illegal in most civilized countries. Strawman arguments removed.)

The German series fraudster Arno Balzer writes today in the German MLM forum mlm-infos.com, among others:

The Bitclub has since January 2015 over 78,000 Bitcoins and almost half a billion Altcoins such as Etherium, Monero, ClubCoin and so on the GPU mining mines and it is about $ 50 million per month currently paid in mining earnings to the club members.

Because no one believes the lies of the professional crook Arno Balzer, he spreads them as so-called “press releases” – and has been for years. He must think the readers of his lies are very simple-minded.

Do you know the german forum mlm-infos.com? There, the German scammer Michael Hiess on 15 July 2017 has opened a new thread entitled “Bitclub Network”.

To date, 13 months later, this promotional thread for the scam was only 6,166 times clicked. Michael Hiess has not written there since March 2018 because he did not find any dumb people to get in there – and want to lose their money.

NOLINK://share-your-photo.com/bc0d79d789

In the thread also a user named “iudica” wrote. Incidentally, this is a German lawyer. 🙂

Most of the On-line opportunities are offering high returns, some of them say they invest in forex, bitcoin mining or trading.

Most of the people want the highest return over their investments, so the fall easily for those who offer more return but typically those opportunities don´t last, because they are scams.

Bitclub offer a legit investment in bitcoin and GPU mining.

They appear on Blockchain so, we the members know they are doing what they say they do. Mining has several variables, so in a 1000 days contract, it is impossible to know what it is going to happened at end…why?

Because we Bictlub members are betting about 2 things:

1. Future crypto quantity
2. Future crypto value

Who knows how many crypto are we going to accumulate in 1000 days and what they will worth?…NO BODY!!..it is impossible to know it.

Let´s say future quantity fails and I invested $3500us and after 1000 days it only creates 0.5 bitcons, but let´s say the bitcoin value it is over $100,000 us. Will I be happy or Sad?

Let´s check another scenery…let´s say future value fails, but quantity wins and my investment creates 5 Bitcoins and they worth in 1000 days $6,000 us will I be happy or sad?

Lets say…the 2 variables fail and we lost part of all our money. We the bitclub members accepted that risk, that is fully disclosed on the official Bitclub webpage.

Tell me, based on this… who can call Bitclub an scam?… just people who don´t know it.

Pretty much every country in the world regulates securities one way or another, so you’re mistaken if you think BitClub Network are operating in an unregulated space.

And you seem to have a short memory. BitClub Network’s owners terminated operations in the US because they knew sooner or later they’d be shut down. Nonetheless the US remains the fourth largest source of traffic to the company website.

But my point is ripping people outside the US is far less riskier. Hence the staged exit.

The owners, who were Zeek Rewards Ponzi investors, have also clarified they’re avoiding regulators.

Any legitimate business has no need to avoid regulators in the US. Cryptocurrency mining is not illegal.

And further to the point, if BitClub Network weren’t recycling newly invested funds on top of whatever they might or might not be mining, they wouldn’t have had to terminate early contracts when new investment dipped.

In summary, BitClub Network is operated by Ponzi scammers and are operating illegally around the world. But uh yeah, totally a legit business.

I’m not interested in your opinions on cryptocurrency in general. BitClub Network are violating a specific set of laws and no amount of cryptocurrency ideology changes that.

You some years ago declared here that bitclub was a scam, but bitclub has proven that you were wrong… because bitclub since 2014 have made the right thing for its members.

Yes, they have had challenges as any legit operation could have, but the fact is, that today, they are one of the top bitcoin world miners, they have proven that they do, what they said they were doing it, and founders were not going to wait until the corrupt government (Ozedit: offtopic derail attempts removed)

I’ve never met more clueless, so called “network marketers” in my entire life!

Newsflash-MLM programs that promote bitcoin mining have already been deemed by regulators to be promoting an unregistered security, and without a securities license on the part of the company AND all of its reps, the program is automatically classified as a ponzi/pyramid scheme from a legal point of view! Period, end of story!

The additional analysis that Oz provides, i.e., how commissions are earned, where the revenue is coming from to pay commissions, etc., is just icing on the cake from a legal perspective.

Tours of mining farms, people making money, how long the company has been around, etc., are all IRRELEVANT to the issue of legality!

Furthermore, violating securities laws, as well as ponzi/pyramid scheme statutes is a serious matter, with BIG fines and jail/prison terms of several years or longer!

Apparently, a number of the people commenting don’t READ, have never been taught the basics of regulatory compliance, and have no clue how various laws, like securities laws in this case, can affect a network marketing opportunity and what they are promoting!

It’s amusing to see people who have ZERO knowledge of regulatory compliance, no legal background, let alone knowledge of securities laws, who obviously don’t read and stay up to date on what is happening in the industry, and who wouldn’t know a ponzi or pyramid scheme if it walked up and shook their hand, who insist on arguing with people who know far more than they do!

You would think they’d want to learn, and you’d be wrong!

They remind me of Nietzsche’s quote: “Some people dont want to hear the truth because they don’t want their illusions destroyed.” SMDH..

According to available statements, letters and documents meanwhile many deceived investors have against the company BitClub Network, the backers, but also against the mediators or sponsors criminal charges – u.a. for fraud – refunded.

It affects not only investors from Germany, but from numerous countries, since the BitClub Network is internationally active.

The website of the BitClub Network does not contain any names of responsible persons or detailed company data. There is simply no legal legal imprint.

At the Hamburg public prosecutor’s office is currently running against the network marketing company BitClub Network under the file number Az. 56 12 JS 80/18 a preliminary investigation.

On 20 September 2018, Austria’s Financial Market Authority (FMA) announced that it had submitted a statement of facts concerning the websites w.w.w.trustinbitcoin.at and w.w.w.bitclubnetwork.com to the Vienna Public Prosecutor’s Office for substantive examination.

Her answer: “oh yeah I saw tons of things like that before I joined but my upline was quick to destroy any doubts and assured me that my investment is safe. Why don’t they call you as well so we can get you started“

Yep they all drank the kool aid and will have a nasty wake up call lol.

I think you are confusing topics. We are transitioning to a Blockchain era and many people don´t understand it, that’s why they resist the idea of a decentralized world. However it is here, it is eminent and it doesn´t matter if you like it or not, there is no way back for this new era where decentralization has started.

Bitclub is one of the things this new era is offering a big one for those who know about cryptocurrency mining , but locally speaking Bitclub is not in comply with any country regulation..

Does it mean Bitclub is illegal or scam?..off course not, it is unregulated…why?..because in most of the countries there are not clear regulations for this new era based on Blockhain and Cryptocurrencies.

How to regulate something when there are not regulations? So, let’s be clear …

It is Bitclub perfect?…off course not but after 4 years they have a good record of honesty so it is a mistake to call them scam.

It is Bitclub a regulated company on any country?..no, they are not, because even if they wanted to be, there are not regulations yet for what Bitclub offers.

It is Bitclub´s safe for it´s members?…as club they are, based on the last 4 years of honesty records…as an investment, they have clear statements , that due to the nature of mining they can´t not offer guarantee or any specific Roi and there are risk of loosing your investment, just as an any regulated investment company would do.

So many countries will be questioning local Bitclub promotion. They have to do it according with their locals law, but at the end they don´t have jurisdiction over Bitclub, so they can´t stop them but you can´t confuse an unregulated mining offer due to lack of regulations with a scam, because Bitclub has already demonstrated that they are not a scam, they are a legit mining club.

With that being said…what is the drama?.. if you are person looking for a good new opportunity Bitclub is a good one…but if you are the kind of person who only invest with regulated companies, there are plenty of options …so, go find a good one.

Does it mean Bitclub is illegal or scam?..off course not, it is unregulated…why?..because in most of the countries there are not clear regulations for this new era based on Blockhain and Cryptocurrencies.

Securities regulation has existed in the US since 1933. Rather than prove they aren’t a Ponzi scheme and register with the SEC, BitClub Network *winkwink nudge nudge* stopped operating in the US.

Most countries have securities regulation of some sort that governs investment opportunities like BitClub Network.

Oz You got your opinion and it is ok this is your site and if you want to believe that the sky is red you could here in your site …but is the sky red based on facts?..off course it isn´t…so let´s talk about facts…

I said countries like US don’t have regulations for cryptocurrency world yet so even if bitclub wanted to be regulated in US, there is not way to do it without clear regulations….so, then you said…

Securities regulation has existed in the US since 1933. Rather than prove they aren’t a Ponzi scheme and register with the SEC, BitClub Network *winkwink nudge nudge* stopped operating in the US.

So, who is right? …I mean not by ego, but facts?… recently Congress members ask SEC chairman for clarity on cryptocurrency regulation…why?…if according to you they have clear regulations since 1933?

I can not thank you enough for the information you provide on this website.

Just this last weekend my husband and I went to a seminar called “Work your wealth” in Pretoria, South Africa. We were supposedly to learn how to generate a passive income and become financially free.

Main speaker, recruiter, “sponsor” was Conray Labuschagne, other speakers were Danie van Zyl and Greg.

The three companies they were encouraging people to invest in were:

1. Karatbars International (heavy emphasis on KBC and KCB coins as well as marketing packages)

2. Bitclub Network

3. Lifestyle Galaxy

Due to some unsatisfying answers to my questions I went to Internet to do my own research about this companies and the more I read the more I became sick to my stomach.

Yes, Ponzi scheme recruiting is alive and kicking in South Africa!!! These guys are professional scammers and are leading a lot of people who want to invest their depreciating fiat savings to the slaughterhouse.

Thank you very much for the work you are doing – you have saved our savings and quite possibly our marriage too!

It’s another way of saying to everyone we don’t have enough new suckers coming in to keep paying commissions out of this ponzi scam. No it’s due to the energy cost and the shelf life of the computers, give us a break !

We will see very rapidly now top earner scammers such as Jorg Witke move on to the next Gig.

It is unacceptable that Bitclub professional scammers from Spain are still promoting the “business” presenting how to achieve financial freedom in just 1000 days, leading as much innocent people they can recruit before Ponzi scheme collapses without revealing the current issue.

According to them, for a founder pool 3500$ , “investors” get this amount multiplied by 5; NOLINK://share-your-photo.com/7418bf39b0

If you check their own spreadsheet , the 1000 days forecast for a founder pool gets a return of 1080$, less than a third of the amount.

Given the (coincidental) recent conversion of the long neglected Clubcoin into an ERC20, I wonder how long it will be till all Bitclub payments to investors will be made in their own premined shitcoin (which has recently experienced a 100% pump)…most recently, Gainbitcoin and MCAP spring to mind.

The Austrian Financial Market Authority (FMA) hereby advises that it has lodged a statement of facts in relation to the websites trustinbitcoin.at and bitclubnetwork.com with the Public Prosecutor’s Office in Vienna for a substantive review.

I am intrigue with the review seen here sir. I just have some unclear scenario case.

I joined the Bitclub network mining from a review done @ (Ozedit: spam removed). I have been earning anyways, not until last month that alll my mining share was hold because of drop in Bitcoin value and according to them, they said; the situation is temporary and all power and mining machines are short down.

Please what can you say to this please because I have over $2000 mining pool.

Javier Rodriguez: Where is the king of authority on the Ponzi scheme BITCLUB NETWORK.

Amazing how he defended the scam in detail over and over on this site and now he’s nowhere to be found! I guess he crawled back under the rock he came from.

Now that BitClub Network has imploded as all Ponzi schemes do, please Javier, come back and explain yourself on how much of a dumbass you where regarding this scam…. Let’s see how smart you are now DA!

I would love to share here information about Bitclub Network but I have not gurantees because every time I do, the owner or moderator of this site edit or delete my posts… so there is nothing I can do about it….

I´m a person with an investment in Bit club I can´t not be blind about my investment. I follow official news about Bitclub I wen t to Iceland to visit the Bitclub Mining Farm.

I know how to check Bitclub Hash Power and mining legitimacy on trusted third party sites that Bitclub doesn´t control…

I use to follow public appearance of Bitclub main Founder Ross Madlin in different countries..by the way the last one was in Iceland at the Hilton Nordika Hotel… every day Bitclub pay me the mining production in Bitcoin and I can withdraw it every day if I want..

it takes 2 or 3 days to have it on my wallet, there are not hidden fees for withdrawals just the same fee any Bitcoin wallet would charge.

I also follow several Bitclub promoters and I have seen many of them promote Bitclub when the Bitcoin had a high price and know many of them are promoting mining scams…

how can I know that?…because many of them are inviting me to those scams..and their sales speech to promote those scam is based on defamations about Bitclub.

That´s why I can share all this information. It´s public ít is not a secret. I accepted the risk of losing money with Bitclub for the potential to make money…that’s it. There is not scam here.

You can’t debate baseless marketing bullshit, regurgitated from whoever recruited you in an attempt to stop you filing a report with the authorities.

The only actual facts you could provide that matter are BitClub Network’s regulatory registration and legally required investment disclosures. Which you’ve all but confirmed you don’t have by stalling.

OZ are you a normal person, do you know how to read?..I know my English is not the best since it is not my first language, but I think it is good enough to understand that I´m not asking you to show me alerts about unregulated cryptocurrency offers.

You said that there are clear regulations in USA for legit cryptocurrency companies right?….so, if that is true, there should be at least one regulated cryptocurrency company operating in USA….can you show us just one? …

off course you can´t not and that´s what proof my point..you are too up dated that you are asking for a Unicorn …THERE ARE NOT REGULATIONS YET IN USA FOR CRYPTOCURRENCY COMPANIES.

I´m not asking you to show me alerts about unregulated cryptocurrency offers.

A cease and desist is not an alert, it’s a regulatory action. And there’s at least one SEC shutdown in there (obviously you didn’t check out the links).

You asked for regulation of MLM cryptocurrency companies in the US and I provided you with some. There have been plenty more over the past year.

You said that there are clear regulations in USA for legit cryptocurrency companies right?….so, if that is true, there should be at least one regulated cryptocurrency company operating in USA….can you show us just one? …

To operate legally in the US an MLM cryptocurrency company offering an investment opportunity has to register with the SEC.

This requires them to file appropriate disclosures essentially proving they are doing what they say they are to generate ROI revenue.

The only company I’m aware of that has any regulatory filing is Kuvera Global through its parent company Investview. But even then Kuvera Gold itself isn’t registered, it’s only mentioned as an aside in Investrview’s filings.

The reason every other MLM cryptocurrency hasn’t registered with the SEC is not because the Securities and Exchange Act doesn’t exit, it clearly does.

It’s because they are all scams and can’t prove they aren’t just recycling newly invested funds.

BitClub Network falls into this category. The company was started by former Zeek Rewards Ponzi scammers and made it clear they had no intention of operating legally early on.

Instead they focused on scamming gullible investors in third world countries. And here we are.

Again, I want to make clear: The use of cryptocurrency to operate an MLM investment opportunity is not an exemption from securities law.

MLM cryptocurrency companies offering a passive investment opportunity are very much regulated in the US. If you wish to discuss other types of cryptocurrency companies do it elsewhere.

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